HighTower Advisors LLC Has $91,000 Stock Holdings in BRC Inc. (NYSE:BRCC)

HighTower Advisors LLC boosted its position in shares of BRC Inc. (NYSE:BRCC) by 153.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,521 shares of the company’s stock after buying an additional 16,661 shares during the quarter. HighTower Advisors LLC’s holdings in BRC were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in BRC in the second quarter worth about $28,000. The Manufacturers Life Insurance Company grew its stake in shares of BRC by 32.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock valued at $125,000 after purchasing an additional 5,064 shares during the period. Fortis Group Advisors LLC grew its stake in shares of BRC by 25.0% in the 2nd quarter. Fortis Group Advisors LLC now owns 56,925 shares of the company’s stock valued at $349,000 after purchasing an additional 11,388 shares during the period. Smith Thornton Advisors LLC acquired a new position in shares of BRC in the 3rd quarter worth approximately $45,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of BRC by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock worth $1,291,000 after buying an additional 13,087 shares during the period. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Price Performance

BRC stock opened at $3.01 on Friday. BRC Inc. has a 52 week low of $2.78 and a 52 week high of $7.14. The firm has a market cap of $640.36 million, a P/E ratio of -37.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The business’s fifty day moving average is $3.07 and its two-hundred day moving average is $4.14.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same quarter in the prior year, the company earned ($0.05) EPS. Equities research analysts forecast that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BRCC shares. Roth Mkm reiterated a “neutral” rating and issued a $3.50 price target (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $5.50 target price on shares of BRC in a report on Wednesday, September 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Profile

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.